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Cable Update (GBPUSD)

  • #235,921
  • Jul 6, 2010 11:13am Jul 6, 2010 11:13am
Since this is a GU thread, why not post your GU & related trade setups in here with charts and/or reasons for why you think the setup is valid. That way we all can learn.
Or are these posts just subtle ads for a yahoo chat following that may end up asking a small fee to participate...

Hmmm???


Quoting james_phuc28
Hi Mc Martins,

I hope you had the courage to sell GU at top price around 1.5226 when u asked me half an hour before GU could come up to this level.

Just trail your stop loss accordingly to 1.5200 now, and aim at 1.5020 - 1.5050 on the way down. No matter if GU will probably retrace up, at least you can book good pips profits in your pocket.

Congratulations to you!

By the way, a person with email "need-help@xxxx, sorry I can not email you my trade setups everyday, because it takes much time and boring to send emails to you. U just need to...
******************* I'd rather make money than be right.
  • #235,922
  • Jul 6, 2010 11:18am Jul 6, 2010 11:18am
Quoting 4xStar
Since this is a GU thread, why not post your GU & related trade setups in here with charts and/or reasons for why you think the setup is valid. That way we all can learn.
Or are these posts just subtle ads for a yahoo chat following that may end up asking a small fee to participate...

Hmmm???
i think its gonna bounce off here, so i'm having some longs to 1.55.
P.S.: your signature should read "being right" instead of "be right"
  • #235,923
  • Jul 6, 2010 11:20am Jul 6, 2010 11:20am
Quoting ido370
P.S.: your signature should read "being right" instead of "be right"

It is "would be right" not "would being right" so 4X would be right in using "be right". So the real question is would being right be right, or would 4X be right in being right, so therefore would being right be right or be right be right,

I still say that be right is right.
  • #235,924
  • Jul 6, 2010 11:22am Jul 6, 2010 11:22am
Quoting james_phuc28
Hi Mc Martins,

I hope you had the courage to sell GU at top price around 1.5226 when u asked me half an hour before GU could come up to this level.

Just trail your stop loss accordingly to 1.5200 now, and aim at 1.5020 - 1.5050 on the way down. No matter if GU will probably retrace up, at least you can book good pips profits in your pocket.

Congratulations to you!

By the way, a person with email "need-help@xxxx, sorry I can not email you my trade setups everyday, because it takes much time and boring to send emails to you. U just need to chat...
hi

plz can u tell how much u will charge me for u call's or its free all the time and if its free can u post it here this way we know that u are not sellen any thing in here
dam time for the game
  • #235,925
  • Jul 6, 2010 11:24am Jul 6, 2010 11:24am
hi all

green day it was and still hope all in green it was a nice ride from last night best of luck to all

viva holand
  • #235,926
  • Jul 6, 2010 11:25am Jul 6, 2010 11:25am
Quoting ido370
i think its gonna bounce off here, so i'm having some longs to 1.55.
P.S.: your signature should read "being right" instead of "be right"
I agree with the bounce ...
but not "being" instead of 'be'.

I would rather be right... = I want to be right (get it right) all the time.
Instead I am saying it's ok to be wrong occasionaly .. and admit it .. as long as overall I make money. This is what Cloggie has been talking about today as well.

"I would rather being right" doesn't work grammatically.
******************* I'd rather make money than be right.
  • #235,927
  • Jul 6, 2010 11:26am Jul 6, 2010 11:26am
It has begun

Only 2 more posts to the big 1000. I must think of something really profound to say for that one...

"Buy low, sell high" ??
Maybe not...

Thinking....
******************* I'd rather make money than be right.
  • #235,928
  • Jul 6, 2010 11:28am Jul 6, 2010 11:28am
guys


any body knows how to import data from MT4 to fibotrader
  • #235,929
  • Jul 6, 2010 11:29am Jul 6, 2010 11:29am
Quite a few dutch players were not signing their National Anthem .. I wonder why?
******************* I'd rather make money than be right.
  • #235,930
  • Jul 6, 2010 11:30am Jul 6, 2010 11:30am
Quoting 4xStar

"Buy low, sell high" ??
Maybe not...

Thinking....

See you are on the wrong track already, it should be buy high sell higher, unless you want smelly fingers. Don't want your 1,000th post to have no meaning, the only chance you have to be right. See you at the interval, anticipating an epiphany for your 1,000th.
  • #235,931
  • Jul 6, 2010 11:31am Jul 6, 2010 11:31am
Quoting 4xStar
It has begun

Only 2 more posts to the big 1000. I must think of something really profound to say for that one...

"Buy low, sell high" ??
Maybe not...

Thinking....
congrats on the 1000 sweet lady
  • #235,932
  • Jul 6, 2010 11:39am Jul 6, 2010 11:39am
Hi 4xstar,

1. My technical analysis is based on simple approaches such as:

a. Support and Resistance

b. Trendline

c. Fibonacci extension and retracement

d. Candlestick patterns and reversals

So, nothing new to all of u here on these things. And, on my previous post, I did tell why I was going to short, at what price levels, etc.

2. I will never ask for any money from anybody. I just want to help any newbie traders, and that's my enjoyment.

When they win money, JUST DO SOME CHARITABLE WORK in their countries, and that's enough. Help the poor when they have money.

Everybody needs money, including me. But I can earn money by trading my own accounts, not to ask for a small fee per month.

My interests are to have more friends around the world, that's such simple.

Of course, if any trader here is a girlfriend, I will like more, because I am a male. LOL. So, welcome all the pretty girls !

One reason why I still liked to go short at previous resistance around 1.5226 is simple. This is second test / revisit of that resistance.

If the third time, GU will be able to come there, I will not sell, but I will buy GU on breaking of that resistance.

I have noticed so far on many pairs and even spot gold that for the first and second time when they come up to a strong resistance, they often fail to break it (vice versa on the downtrend), and even the second time, we still can sell on such a rally to re-test that resistance. But for the third time when they can come up to re-test it, then BE CAREFUL TO WATCH IT for a BREAKOUT to buy above that level (same case for downtrend).

Technicals alone are not enough, because sometimes, you can feel that you are alone (for example, most people say BUY, and you want to GO SHORT, etc. Then, EXPERIENCE and GUT Feelings will help you to have courage to go against all other people. Of course, put tight stop loss of 30 pips above that resistance, just in the worst case, we lose a little bit only). Nobody can win all the times, and so, technical knowledge + experiences + gut feeling + courage + good money management + tight stop loss, etc will help us to keep our accounts safe in all the worst cases, and still survive to fight and gain back what we lost.

Sometimes, we need such experience, and have a gut feeling to sell it with a tight stop loss like 30 pips above that resistance (vice versa in a downtrend).

Have a nice day to all !

Regards,
James
  • #235,933
  • Jul 6, 2010 11:42am Jul 6, 2010 11:42am
Quoting dobbie11
Come in from time to time to see how the old chat room is. I still see it really has not changed, everyone trying to learn but then the few that want to fight and put others down. But all in all a good place to learn.
lucky for us human tendencies dont change much..
nice to u around still..come more often
  • #235,934
  • Jul 6, 2010 11:48am Jul 6, 2010 11:48am
Cloggie and bbakker are smilin' big time.

Dr. D.
  • #235,935
  • Jul 6, 2010 11:58am Jul 6, 2010 11:58am
Quoting james_phuc28
2. I will never ask for any money from anybody. I just want to help any newbie traders, and that's my enjoyment.

When they win money, JUST DO SOME CHARITABLE WORK in their countries, and that's enough. Help the poor when they have money.
Excellent! This shows you uinderstand the 'secret' to real wealth accumulation Give back, freely & often.

Quote
Everybody needs money, including me. But I can earn money by trading my own accounts, not to ask for a small fee per month.

Again bravo .. in here we have often discussed the fact that people who really know how to make money from trading do not run around looking for 'customers' to sell something to.

Quote
My interests are to have more friends around the world, that's such simple.

Of course, if any trader here is a girlfriend, I will like more, because I am a male. LOL. So, welcome all the pretty girls !

Well I'm female .. and still pretty but maybe a bit old for you. I do have 2 gorgeous daughters.... LOL

Quote

I have noticed so far on many pairs and even spot gold that for the first and second time when they come up to a strong resistance, they often fail to break it (vice versa on the downtrend), and even the second time, we still can sell on such a rally to re-test that resistance. But for the third time when they can come up to re-test it, then BE CAREFUL TO WATCH IT for a BREAKOUT to buy above that level (same case for downtrend).

Good analysis and welcome to the thread!

BTW your previous call on AJ was very good as well, you said short at 75.10, she made it to 75.06, close enough.

And this is my 1000th post! I guess better than 'buy low, sell high'
******************* I'd rather make money than be right.
  • #235,936
  • Jul 6, 2010 11:58am Jul 6, 2010 11:58am
And Holland, congrats on goal #1! That was one amazing kick!
******************* I'd rather make money than be right.
  • #235,937
  • Jul 6, 2010 12:11pm Jul 6, 2010 12:11pm
Uh-oh
******************* I'd rather make money than be right.
  • #235,938
  • Jul 6, 2010 12:12pm Jul 6, 2010 12:12pm
Hi 4xStar,

Thanks for your comments.

How do you know that you are older than I am? I am 38 years old, living in Ho Chi Minh city, Vietnam.

Where are you living?

Hey, you made me interested. Could you send me 2 pictures of your 2 gorgeous daughters via my email: [email protected] ?

Maybe, who knows in future, we are family members. Lol.

Waiting for your 2 pictures of your 2 gorgeous daughers soon. No joke.

Thanks in advance.
James
  • #235,939
  • Jul 6, 2010 12:18pm Jul 6, 2010 12:18pm
Hi Mc Martins,

To protect more profits on GU, just open 15m time-frame, and trail your stop loss accordingly on the most recent Swing High (15 - 20 pips above the most recent Swing High). By doing this way, you can ride the trend quite safely until it will reverse, and each time, you can put more pips profit into your pocket.

I don't care how far and how low GU can go down from 1.5226, but by doing this, I just ride the trend until it really reverses.

For newbie traders to know where is the Swing High or Swing Low, please use Fractal indicator and it will notice you on that. Sorry that I don't use Fractal indicator, and don't have it. Anybody has this indicator can post here to share with newbie traders to help them.

Regards,
James
  • #235,940
  • Jul 6, 2010 12:18pm Jul 6, 2010 12:18pm
Quoting 4xStar
Excellent!...
Well, you wasted your 1,000th post about as badly as Holland wasted the lead.
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